Shree Renuka Sugars jumps as its arm gets nod for capex investment for expansion in cane crushing capacity
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Shree Renuka Sugars is currently trading at Rs. 40.70, up by 0.92 points or 2.31% from its previous closing of Rs. 39.78 on the BSE.
The scrip opened at Rs. 39.81 and has touched a high and low of Rs. 40.75 and Rs. 39.31 respectively. So far 710277 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 56.48 on 01-Oct-2024 and a 52 week low of Rs. 36.69 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 45.07 and Rs. 39.22 respectively. The current market cap of the company is Rs. 8665.08 crore.
The promoters holding in the company stood at 62.48%, while Institutions and Non-Institutions held 14.37% and 23.15% respectively.
Shree Renuka Sugars’ wholly owned subsidiary -- Anamika Sugar Mills has received approval for the capex investment of Rs 183.8 crore for the expansion in the cane crushing capacity from 4,000 TCD to 7,000 TCD and setting up of 15 MW power plant at Anamika’s plant located at Bhandoria, Aurangabad, Bulandshahr, Uttar Pradesh (UP), India. The Board of Directors of the subsidiary, at its meeting held on October 26, 2024, has, inter-alia, approved the same.
Shree Renuka Sugars is a global agribusiness and bio-energy corporation. The company is one of the largest sugar producers in the world, the leading manufacturer of sugar in India, and one of the largest sugar refiners in the world.
